Thursday, August 17, 2023 10:45:23 PM
so what do i see on the chart. first off i see a stock trending up. we've had a pullback, but that's prolly in response to the limited volume, and the macd, the momentum indicator, shows the slackening, but it hasn't diverged down yet and is thus still positive.
and as seen through the obv, chiosc, and accum/dist, retailers have been buying this, pushing it up via pressure on the ask (cmf). nice thing about this stock is the lack of dilution. of course, that's a two edged sword because it shows up in a lack of liquidity, which in turn causes the wide spreads that slows down news would be a welcome event. any price movement upward. that said, the indicators show that money is flowing in not out.
otoh, stochastics have diverged south, and williams has gone that way too. we can see this through the lens of the rsi (wonder why i duplicated rsi 14?) which is trending sideways down.
so...
all things considered, i should go back to sleep. its still a slog from here. but a better one than its been in awhile.
and that's my synopsis for today. not sure why i bothered, but its what my fingers do.
wishing for the best of trading fer' all
rich
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